Affiliates Risk Management Services Inc
- Assets
- $25.6m
- Revenue
- $36.1m
- Investments
- $192.6k
- Employees
- 51
- Location
- New York, NY
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 13-4167849
Organization Overview
Affiliates Risk Management Services Inc is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Affiliates Risk Management Services Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affiliates Risk Management Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Affiliates Risk Management Services Inc generated $36.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $34.3m during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AFFILIATES RISK MANAGEMENT SERVICES ADMINISTERS A COMPREHENSIVE, STABLE, AND AFFORDABLE INSURANCE PROGRAM, AND PROVIDES EDUCATIONAL AND RISK AND QUALITY MANAGEMENT SERVICES TO ASSIST ITS CLIENTS TO ENHANCE PATIENT SAFETY, IMPROVE HEALTH OUTCOMES, AND MINIMIZE THE RISK OF LOSS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM ADMINISTRATOR TO THE NATIONAL INSURANCE PROGRAM (NIP): DESIGN, IMPLEMENTATION, ADMINISTRATION, AND PROCUREMENT OF A COMPREHENSIVE INSURANCE PROGRAM OFFERING A VARIETY OF INSURANCE COVERAGES DESIGNED SPECIFICALLY FOR TAX-EXEMPT ENTITIES.
THE CENTER FOR AFFILIATED LEARNING: OPERATE A LEARNING AND TRAINING CENTER THAT OFFERS MORE THAN 3,500 LEARNING OPPORTUNITIES, INCLUDING PROVIDING CONTINUING MEDICAL EDUCATION (CME) CREDITS AND CONTINUING EDUCATION.
RISK, QUALITY, AND PATIENT SAFETY:DEVELOPMENT AND IMPLEMENTATION OF RISK, QUALITY, AND PATIENT SAFETY PROGRAMS TO MINIMIZE THE RISK EXPOSURE OF THE PROGRAM'S TAX-EXEMPT PARTICIPANTS; DEVELOPMENT OF PROGRAMS INTENDED TO IDENTIFY AND PREVENT CONDITIONS DEEMED LIKELY TO CONTRIBUTE TO THE RISK OF LOSS AND CLAIMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ja Cobrin President And CEO | OfficerTrustee | 50 | $1,070,764 |
H Carter Chairperson | OfficerTrustee | 0.7 | $0 |
S Bonner Vice Chairperson | OfficerTrustee | 0.7 | $0 |
G Chatas Treasurer | OfficerTrustee | 0.7 | $0 |
L Lindenbaum Secretary | OfficerTrustee | 0.7 | $0 |
R Rogers Collins Director | Trustee | 0.7 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Saba Software Inc Learning Mgmt System | 12/30/23 | $327,896 |
Riskonnect Clearsight Llc Web-based Services | 12/30/23 | $251,764 |
Magna5 Ms Llc It Consulting | 12/30/23 | $365,610 |
Virtamed Ag Simulators | 12/30/23 | $389,552 |
Eigen X Data Analytics Services | 12/30/23 | $226,190 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,139,932 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,139,932 |
| Total Program Service Revenue | $31,519,547 |
| Investment income | $234,998 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $51,331 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,153,567 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,112,979 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,401,290 |
| Compensation of current officers, directors, key employees. | $966,860 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,581,817 |
| Pension plan accruals and contributions | $318,101 |
| Other employee benefits | $686,249 |
| Payroll taxes | $365,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $116,434 |
| Fees for services: Accounting | $57,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $92,700 |
| Fees for services: Other | $969,475 |
| Advertising and promotion | $0 |
| Office expenses | $493,786 |
| Information technology | $761,180 |
| Royalties | $0 |
| Occupancy | $380,610 |
| Travel | $64,114 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,619 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $327,031 |
| Insurance | $23,421,121 |
| All other expenses | $0 |
| Total functional expenses | $34,281,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,931,188 |
| Savings and temporary cash investments | $586,689 |
| Pledges and grants receivable | $804,834 |
| Accounts receivable, net | $685,359 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,557,946 |
| Net Land, buildings, and equipment | $1,420,825 |
| Investments—publicly traded securities | $11,076,096 |
| Investments—other securities | $192,570 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $365,358 |
| Total assets | $25,620,865 |
| Accounts payable and accrued expenses | $2,080,824 |
| Grants payable | $0 |
| Deferred revenue | $112,531 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,193,355 |
| Net assets without donor restrictions | $23,427,510 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,620,865 |